Replies to post #74018 on Livewire Ergogenics Inc (LVVV)

[shajandr]

Welp, LVVV is a carefully-CONcocted insider enrichment scheme cooked up by a stock broker ("Bill") as his own personal piggybank, so take that into CONsideration.

Unlike some, I avoid stocks of companies run by a singe individual and especially when that same individual has an ownership innerest and/or CONrol of a subsidiary, an affiliated company, and/or a vendor or service provider to the company, such as, for examples, LVVV, LOCH, and MRGE.

"Bill" is cooking and lunch will be ready soon at Livewire Diner

[Bet Max]

So the profits are being loaned. Hmm. At what rate of return? What are the shareholders getting in return for loaned profits? Clearly the shareholders should see the corporation showing profits for the loans. Are there no profits shown on the loans? Is Bill and the BOD just loaning money out with zero return? Do the shareholders have ownership in the companies getting these loans? Surely there has to be minutes to the board meetings of a publicly traded company. No one person can just unilaterally loan money to other companies without board approval.
It has gotten to the point of there being something really wrong here. You cannot operate a corporation out of the back of a pick up truck, let alone a publicly traded company.
Federal prison is generally in the future of people who have done shady things. A BOD cannot claim ignorance, as its their job to make decisions and ascertain the the corporation is being run in a way that's both responsible and beneficial to both the business and its shareholders.
If there is no benefit, no return and no accounting of what companies got this money, that is a problem.